COVID-19 Half of UK households believe they will struggle to meet their financial commitments over the next three months

These are the findings from a national COVID-19 financial impact tracker published today by Standard Life Foundation, which shows that 50 per cent of UK households believe they will struggle to meet their financial commitments over the next three months. Researchers also found that, for many, their financial situations were not in a good state prior to the pandemic, with the crisis understandably causing widespread financial anxiety. Each month, researchers question 6,500 people across the UK on how their personal and household finances have been affected by the crisis and the likely impact it will have over the coming months.The findings were analysed by a team from the University of Bristol, led by Emeritus Professor Elaine Kempson, who is an honorary member of the University’s Personal Finance Research Centre.

Source: Bristol University
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